Coinbase Inc., one of the largest U.S. digital exchanges said on Tuesday it is ready to add Bitcoin cash to its offerings to customers, giving a boost to a rival to the most popular digital unit.
Bitcoin cash soared after the statement, up 50 percent over the past 24 hours, to $3,477.45, according to coinmarketcap.com. Bitcoin price slumped below $16,000 on news but has since climbed closer to $17,000 according to Coindesk.
Bitcoin Cash went to live on August 1after a fork of the bitcoin network. Now it is the third most valuable digital currency after bitcoin and Ethereum.